Zepp Health (NYSE:ZEPP) Sets New 12-Month High - Here's Why

Key Points

• Zepp Health Corporation shares reached a new 52-week high at $56.00 during trading, reflecting a significant increase from the previous close of $49.70.
• Analysts have given Zepp Health an average rating of "Hold" with a price target of $60.23, indicating a mixed outlook on the stock.
• The company operates in smart wearables and health technology, with its products aimed at optimizing health and wellness through brands like Amazfit and Zepp Clarity.

Zepp Health Corporation Sponsored ADR (NYSE:ZEPP - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $56.00 and last traded at $55.72, with a volume of 428144 shares changing hands. The stock had previously closed at $49.70.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Fundamental Research set a $60.23 price target on shares of Zepp Health and gave the company a "buy" rating in a research report on Tuesday, August 26th. Wall Street Zen upgraded shares of Zepp Health to a "hold" rating in a report on Saturday, August 16th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Zepp Health in a research report on Saturday, September 27th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Zepp Health currently has an average rating of "Hold" and an average target price of $60.23.

Zepp Health Stock Performance

The company has a current ratio of 1.10, a quick ratio of 0.78 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $811.41 million, a price-to-earnings ratio of -11.59 and a beta of 1.32. The stock's 50 day moving average is $40.04 and its 200 day moving average is $16.58.

About Zepp Health

Zepp Health Corporation operates as a smart wearable and health technology company worldwide. The company operates in two segments: Self-Branded Products and Others, and Xiaomi Wearable Products. It empowers users to live lives by optimizing health, fitness, and wellness journeys through its consumer brands, Amazfit, Zepp Clarity, and Zepp Aura.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.